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What happens when your spouse dies (with or without a Will).

When a spouse dies, individuals are often left unsure of their rights.  Whether there is a Will and you have been left with nothing, or there was no Will and you need to ensure that you get what you deserve, there is legislation in place to protect you. 1. What happens if your spouse dies […]

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“Personal Use” Evictions and what you need to know

Those who are currently renting in the Greater Toronto Area know that it is very challenging to find good value in this market. A study by the Canadian Mortgage and Housing Corporation (“CMHC”) shows that the vacancy rate of rental properties in the GTA is the lowest it has ever been in 16 years. With […]

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Employment Expenses

Employee deductions and expenses as an owner-employee. While employees at arms-length have been permitted to deduct certain employment expenses pursuant to section 8 of the Income Tax Act, the Canada Revenue Agency has taken issue with employees who are also shareholders of the corporate employer.  That is, employees who are sole directors, shareholders and officers […]

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Small Business Contracts: What do you need to know?

We all encounter contracts day in and day out in our personal lives.  Often, such as with the iTunes terms and conditions, we do not even bother to read them before we hit “I accept”. The importance of clear and carefully drafted contracts cannot be overstated. What should I be looking for in my contracts? […]

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Ontario Door-to-Door Sales Ban

Bill 59, lovingly called the “Putting Consumers First Act (Consumer Protection Statute Law Amendment)” will make some sweeping changes to the Consumer Protection Act of Ontario on March 1st, 2018. A quick summary of the Ontario Consumer Protection Act The Consumer Protection Act covers most common consumer transactions and provides specific rules and regulation that […]

Probate and Probate Fees: What you need to know.

What is Probate? To put it in the simplest terms, Probate is the Court Process by which a Will is authenticated, and through it an executor is issue a “Certificate of Appointment of Estate Trustee with a Will”.  This certificate gives the executor  the authority to act on behalf of the estate. It is essentially […]

Professional Corporations: Are they right for you?

Many business owners decide to incorporate, as they grow, to take advantage of the numerous benefits of incorporation. What fewer business owners are aware of is that if members of certain professions decide to incorporate in order to render their professional services, they are often required to do so as professional corporations. These professional corporations […]

Incorporation: The Benefits of Incorporating Your Business

 The Benefits of Incorporation Are you a small business owner? Have you put your blood, sweat, and tears into growing your business and pursuing your passion? Perhaps profits have been rising, and you have surpassed that 2 year mark, a milestone which 30% of small Canadian businesses fail to ever reach.  If any of this […]